When Constructing the Consumer Price Index, the Bureau of Labor

question 132

Multiple Choice

When constructing the consumer price index, the Bureau of Labor Statistics does not do which of the following?

• A)Try to include all the goods and services that the typical consumer buys.
• B)Try to weight the goods and services that the typical consumer buys according to how much consumers buy of each item.
• C)Survey consumers to determine what the typical consumer buys.
• D)Survey sellers to determine what the typical consumer buys.

---

Definitions:

Generalizability

The extent to which findings from a particular study or research can be applied across different settings, populations, or contexts.

Validity

The degree to which a test, tool, or research accurately measures or assesses what it claims to measure.

Causality

The principle or relationship between cause and effect, where one event (the cause) directly leads to the outcome (the effect).

Closed-ended Question

A question format that allows for a limited set of specific responses, often used in surveys and polls for easier analysis.